News

  Abu Dhabi / Emirates Business The 2016 edition of the International Franchise Conference & Exhibition began yesterday, at the Abu Dhabi National Exhibition Centre (ADNEC). The event, which is organized by the Abu Dhabi Chamber of Commerce and Industry, gathers companies and brands together with the goal of providing investment opportunities for entrepreneurs and businesses in the United Arab ...

  Dubai / Emirates Business Marking a significant milestone, Dubai South celebrated its 10th Anniversary in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President Dubai Civil Aviation Authority and Chief Executive of Emirates Airline and Group. The ceremonies, held at the Palazzo Versace, also saw Dubai South award the contribution of its key stakeholders and partners. ...

  Dubai / Emirates Business The Mohammed bin Rashid Al Maktoum Foundation (MBRF) held a press conference at its headquarters in Dubai on Wednesday, to disclose details surrounding the fourth edition of its Bil Arabi initiative. Launched in 2013, the initiative seeks to promote Arabic-language communication on traditional and social media platforms, in an effort to reinstate Arabic as an ...

  Dubai / Emirates Business Two teachers from the UAE are among the teachers from the Middle East who have been included in the top 50 shortlist for the Varkey Foundation Global Teacher Prize 2017. Now in its third year, the US$1 million award is the largest prize of its kind and is awarded under the patronage of His Highness ...

  Dubai / Emirates Business The Dubai Courts has entered into a strategic partnership with Zajel Courier Services for faster, more efficient and accurate postal service delivery of legal documents to its customers. The collaboration ensures one-day delivery period for Dubai Courts’ individuals, government and non-government customers living in Dubai and two days for those residing in other emirates. The ...

  CAIRO / Reuters Edita Food Industries, one of Egypt’s largest snack food producers, said on Wednesday it was raising prices by between 20 and 50 percent amid higher input costs due to the drop in the value of the Egyptian pound last month. Inflation surged to an eight-year high of 19.4 percent in November, propelled by a steep depreciation ...

  SAN FRANCISCO / AP Uber is bringing a small number of self-driving cars to its ride-hailing service in San Francisco — a move likely to excite the city’s tech-savvy population and certain to antagonize California regulators. The Wednesday launch in Uber’s hometown expands a public pilot program the company started in Pittsburgh in September. The testing lets everyday people ...

  Bloomberg France’s top corporate finance chiefs are getting lessons on the specifics of acquiring startups in a push by a state-backed investment fund to triple tech deals in the country within three years. Chief financial officers from France’s biggest companies, from banks to industrial conglomerates, are learning to pin a price tag to a startup, spot when a company ...

  Bloomberg Amazon Web Services, the cloud-hosting arm of Amazon.com Inc., opened new data centers in the UK as it seeks to stay abreast of competitors in offering cloud computing services to government and health-care customers. The new data centers, announced in a statement on Wednesday, follow decisions by IBM and Microsoft Corp. in the past two months to expand ...

  WASHINGTON / AP The US industrial production dropped sharply in November, mainly because power plants reduced output due to unusually warm weather. The Federal Reserve reported Wednesday that output at America’s factories, mines and utilities fell 0.4 percent last month. It was another sign that American industry is struggling even as the overall US economy looks healthy. The Federal ...